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Planning Commission Regular Meeting Minutes September 20, 1994 Page 4 • 1 VI. MISCELLANEOUS. 2 A. Variances 3 City Manager Momson explained that he had included this section of the code to furnish the 4 members with a basis upon which to guide them in their decisions regarding granting of 5 variances. He stated that the items under Subd. 3. in the code are the most important to establish 6 and he will include this page of the code in the Planning Commission's packet each time there is 7 a variance public hearing to assure the four criteria established by State Statute are properly 8 addressed. 9 B. Redevelopment Plan- 3111 Silver Lake Road. 10 In his staff report, City Manager Momson explained that the goal of the HRA is to improve the 11 housing stock and increase housing evaluation. He noted that Minnesota State Statute 469.028 12 requires an application by the HRA with a redevelopment plan. The process for the 13 redevelopment of 3111 Silver Lake Road has been as follows: 14 1. HRA applies and receives authorization to proceed from the City Council - August 23rd. 15 2. Planning Commission receives Redevelopment Plan for its study and approval. A written 16 opinion from the Planning Commission is necessary within 30 days - September 20th. 17 3. Need copy of Redevelopment Plan for Council and Planning Commission. A statement 18 of proposed financing in Plan with a written opinion of a Planning agency. 19 .4. Before approving any Redevelopment Plan,the Council must hold a public hearing on 20 the Redevelopment Plan- October 11th. 21 5. Close on the property any time after October 11th. 22 6. After closing,request proposals from developers to acquire property from City with 23 conditions to demolish and then to construct a house valued at$125,000 (includes lot) - 24 November 30, 1994, 10:00 A.M. 25 City Manager Momson explained the financing for redevelopment and introduced photographs 26 of the property for the Planning Commission's review. 27 Commissioner Faust questioned the stated "years to pay back" figure in the financial statement 28 provided by City Manager Momson. He believes that it will take more time to reimburse the 29 City for funding of the Redevelopment project since only about 18%of the total tax bill goes to 30 the City. 31 City Manager Momson explained that the pay back figure includes the total tax bill. He stated 32 that he will check the figure in question to determine the City's pay back date. He reiterated that 33 the main objective of the Redevelopment program is to upgrade the city house stock, control • 34 redevelopment and increase valuation of the community.